1270 Riverside St Shafter, CA 93263
- Warehouses
- 12,891 SF
- 11.70 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1270 Riverside St
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 11.70 lot acres
- Property size
- 12,891 SF
- Zone code
- GC
- Property type
- Warehouses
- APN
- 089-150-13-00-9
- APU
- 8915013009
Description
This exceptional 11.7-acre commercial property, situated at 1270 E Riverside Street in Shafter, California, presents a unique investment opportunity. Zoned for general commercial use (GC), this property boasts a substantial 12,891 square foot building currently undergoing renovation. The office building requires finishing touches to complete the remodel. Included in the sale are sliding and exterior doors intended for installation on the existing shop building. A smaller secondary building is also located on the site. The property benefits from two wells – one agricultural and one domestic – ensuring a reliable water supply. Electricity is readily available on-site. A significant asset is the inclusion of an approximately 70-foot truck scale conveniently located adjacent to the office building, ideal for weighing and logistical operations. The property's prime location, just off Santa Fe Way, places it within a thriving industrial area of Shafter, offering excellent access and visibility. This property is perfect for a variety of commercial uses and presents a rare opportunity to acquire a substantial, well-equipped industrial site in a desirable location. The combination of ample land, existing structures, and essential utilities makes this a compelling investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $580,000
- 6.5%
- $520,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $515,000
- Mixed-Use
- $635,000
- Hospitality
- $600,000
- Educational
- $500,000
- Residential Income
- $545,000
- Energy
- $655,000
- Income-Based Land
- $485,000
- Food Service
- $550,000
Location Insight
- Map
- Local Demand
- City
- Shafter
- County
- Kern
- State
- California
- Longitude
- -119.255
- Latitude
- 35.4862
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA